REG - Fondul Proprietatea - Update on the Fund's 2024 buyback programme

Fondul Proprietatea SAAnnouncement

15/10/2024 16:45

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RNS Number : 2989I  Fondul Proprietatea S.A.  15 October 2024

 To:          Bucharest Stock Exchange                                                                                               Report date:

                 Financial Supervisory Authority                                                                                     15 October 2024

                London Stock Exchange

                                                                                                                                     Name of the issuing entity:

 Current report according to the provisions of Article 99 letter s) of the Code                                                      Fondul Proprietatea S.A.
 of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments

 Important events to be reported:

                                                                                                                                   Registered office:
 Update on the Fund's 2024 buyback programme

                                                                                                                                   76-80 Buzesti Street
 Further to the current report published on the Fund's website on 5 April 2024,

 here                                                                                                                                7(th) floor,1(st) district,
 (https://www.fondulproprietatea.ro/files/live/sites/fondul/files/en/investor-reports/2024/Update%20on%20buyback%20programmes.pdf)

 , regarding the start of the 2024 buyback programme, Franklin Templeton                                                             Bucharest, 011017
 International Services S.À R.L., in its capacity as alternative investment

 fund manager and sole director ("AIFM / Fund Manager") of Fondul Proprietatea
 S.A. ("Fund"), wishes to inform shareholders and investors that the Fund

 performed the final trade within the 2024 buyback programme on 8 October 2024,                                                      Phone/fax number:
 thus reaching the regulatory limit of 10% of the Fund's share capital, as per

 the recent amendments brought to Article 29 paragraph (4) of Law no. 243/2019.                                                      Tel.: + 40 21 200 96 00
 Consequently, the Fund announces the termination of the 2024 buyback

 programme.                                                                                                                          Fax: + 40 31 630 00 48

 We remind shareholders that, according to Article 29 paragraph (4) of Law no.
 243/2019 on alternative investment funds, as amended by Government Emergency

 Ordinance no. 71/2024 , "AIF organized as investment companies conducts                                                             Email:
 buyback operations of its own shares only once during a financial year, within

 a limit of up to 10% of the share capital, in compliance with the conditions                                                        office@fondulproprietatea.ro (mailto:office@fondulproprietatea.ro)
 stipulated in paragraph (3) letters a) and b), with payment for the acquired

 shares being made solely from the own sources of AIF organized as investment
 companies".

                                                                                                                                   Internet:
 During the 2024 buyback programme, the Fund acquired 355,642,723 shares (in

 the form of shares and global depositary receipts ("GDRs") corresponding to                                                         www.fondulproprietatea.ro (http://www.fondulproprietatea.ro)
 the Fund's shares), representing 10% of the Fund's share capital. The shares

 and GDRs were acquired via daily trading on the regular market (Bucharest
 Stock Exchange in case of ordinary shares and London Stock Exchange in case of

 GDRs) and through one public tender offer completed on 30 September 2024. The                                                       Sole Registration Code with the Trade Register Office:
 total value of the 2024 buyback programme excluding brokerage fees and other

 acquisition-related costs was RON 216,324,939.80 and the weighted average                                                           18253260
 price for the cumulated value of shares and GDRs acquired was RON 0.6083 per

 share.

                                                                                                                                     Order number in the Trade Register:

 Franklin Templeton International Services S.À R.L., acting as Alternative                                                           J40/21901/2005
 Investment Fund Manager and Sole Director of FONDUL PROPRIETATEA S.A.

 Johan MEYER

                                                                                                                                   Subscribed and paid-up share capital:
 Permanent Representative

                                                                                                                                     RON 1,849,342,164.28

                                                                                                                                     Number of shares in issue and paid-up:

                                                                                                                                     3,556,427,239

Regulated market on which the issued securities are traded:

                                                                                                                                     Shares on Bucharest Stock Exchange

                                                                                                                                     GDRs on London Stock Exchange

 

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